This video talks about taxes and inflation in Rome. It also talks about how so much was being spent on military especially during war, that it caused taxes to go up and inflation.
Current:
The average tax increase in the United States due to the fiscal cliff is $3,446. An average middle income family (making between $40,000 and $60,000) will have a $2,000 dollar tax increase.
The government needs taxes, without them it will either cause a lot of money to be print which could cause inflation or large amounts of debt.
Housing/ Property Taxes
Our government debt is over 16 trillion dollars. That is close to a tax payment of $60,000 for each American.
Today, some public works projects are Road Maintenance, Civil Engineering,Fleet Management and Waste Collection.
The Anderson Township Public works department is responsible for declaring snow emergencies, recycling, replacing traffic lights, street signs
Raising Taxes will not solve the debt problem. There isn’t enough money to tax. America has a spending problem not a tax problem.
Raising Taxes will barely even help with the debt. If we close every loophole in existence then it may help out with 15.2% of the national debt.
Tax brackets are how much tax you pay based on your income.
Problem: Not Enough Tax Money to Fix Public Works.
Ancient Rome Facts:
- Tax was determined by assessments of wealth and property.
SPQR on a Sewer Cap in Rome
- They had a low tax rate at 1%. During war, 3%.
- SPQR means, for the senate and people of Rome.
- The government of the Roman Republic ordered SPQR to be printed on public items.
- The letters SPQR were printed on anything that the state owned.
- Rome collapsed because the migrants took it off its tax “Base”
- Silver and gold mines in Spain, created good amounts of money for the Roman State.
- “Tax Farmers”(Publicani) went around and collected taxes from individuals.
- Rome put the collection of taxes up for auction every few years.
Roman Currency Denarii
- The Tax farmers would bid to have the right to collect taxes in a certain area.
- Tax farming was a well paying job. As they were also “Bankers”
- Some experts say that what happened in Rome (The fall of Rome) is likely to happen to the United States. The experts say this is caused by taxes.
- Eventually, the Roman Government was spending all of it’s money on either military or public entitlements (welfare).
- By the 4th century, the roman economy and tax structure was so bad it cause farmers to leave their land and go take welfare benefits.
Link:https://docs.google.com/a/foresthills.edu/document/d/17dnkCbWhhwoYP5IcW2MpEa-32L2FQjq2wOMg703mX_s/edit
This video talks about taxes and inflation in Rome. It also talks about how so much was being spent on military especially during war, that it caused taxes to go up and inflation.
Current:
https://docs.google.com/a/foresthills.edu/document/d/1fzFLlDF7cs-hKj-OziKgXnqOdD4G39m3v0e7X7K5gmI/edit
This video explains the fiscal cliff, what it is and how we got into it.
U.S. Debt:
U.S. Debt Clock
Our Final Project:
http://notenoughtaxmoneytofixpublicworks.wikispaces.com/Sources:
Zidar, Owen, and Laura D’Andrea Tyson. "Tax Cuts for Job Creators."
Economix Tax Cuts for Job Creators Comments. New York Times, 19 Oct. 2012. Web. 15 Jan. 2013
"Ancient Rome :: Roman Society." ThinkQuest. Oracle Foundation, n.d. Web. 15 Jan. 2013.
"Taxes in the Roman Empire." Roman Taxes. N.p., n.d. Web. 15 Jan. 2013.
"U.S. National Debt Clock." U.S. National Debt Clock. N.p., n.d. Web. 16 Jan. 2013.Black, Simon. "Taxes Brought Down The Roman Empire, And They'll Do The Same To America." Business Insider. N.p., 17 Apr. 2012. Web. 16 Jan. 2013.